Live nation entertainment reports second quarter 2022 results

Financial overview (vs q2 2019): fan demand and spending on experiences drove record results operating income up 86% to $319 million aoi up 50% to $480 million operating cash flow hit $349 million free cash flow-adjusted up 72% to $379 million highlights (vs 2019): live events back on a global basis highest quarterly attendance ever with over 33 million fans across 12,500 events ticketmaster delivers another record quarter - aoi up 86%, transacted gtv up 76% sponsorship aoi up 81% in q2 with new clients including google, aws, and hulu average ticket pricing up double-digits through june, entry level ticket prices average remains $33 on-site fan spending growth continues up 20%+ through june at all venues outlook: on pace for record 2022 and beyond 100 million tickets sold for 2022 concerts, already exceeding full year 2019 fan count concert bookings up over 30% for all venue types (vs q2 2019) $3.2 billion in event-related deferred revenue, up 2x (vs q2 2019) fan attendance at operated venues grew 13% (vs q2 2019) to over 14 million, with almost 30 new venues in pipeline sponsorship fully committed for 2022, on pace for a record year 2023 artist pipeline is largest ever seen at mid-year los angeles , aug. 4, 2022 /prnewswire/ -- live nation entertainment, inc. (nyse: lyv) today released financial results for the quarter ended june 30, 2022. the second quarter confirmed that the live entertainment industry is back globally and bigger than ever.
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